ZK Nation Responds to Community Doubts on ZKsync Airdrop, Highlights Eligibility Criteria
ZK Nation, the community behind ZKsync, provided a detailed response to the community’s questions and concerns on June 13 regarding the upcoming ZKsync airdrop.
The explanation clarified the eligibility criteria and the reasoning behind the airdrop distribution to ensure fairness and reward long-term commitment within the community.
The ZKsync community’s explanation comes after an initial airdrop announcement of 3.675 billion ZK tokens to 695,232 wallets next week. It was revealed that 17.5% of the token’s total supply of 21 billion would be distributed to the eligible wallets.
The upcoming June 14 airdrop was divided into two main categories: users and contributors. According to the document released, users constituted 89% of the airdrop, requiring participants to bridge crypto-assets to the ZKsync Era and meet at least one of the seven eligibility criteria.
Thank you for all the feedback and discussions over the past few days.
In 2024, airdrops are extremely challenging. Sophisticated industrial farms operate millions of bots indistinguishable from real people in behavioral patterns. This renders traditional activity-based airdrops…
— ZK Nation (@TheZKNation) June 13, 2024
Despite meeting all criteria, users with smaller average holdings might not have been qualified due to the intricate formula that considers the amount sent to ZKsync Era and the duration the assets stayed in the wallet.
These criteria, which users described as marginalized distribution strategies, led to a loss of confidence in the airdrop in general. This, in turn, led to a drop in the project’s Total Value Locked (TVL) from nearly $200 million to $128 million.
“The formula depends on how much was sent to ZKsync Era and the length of time the
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